ED Raids 50 Locations Linked to Anil Ambani in ₹3,000 Crore Yes Bank Loan Fraud Probe

As per news reports, the Enforcement Directorate (ED) has launched a widespread investigation across 50 locations associated with Anil Ambani’s Reliance Group amid a ₹3,000 crore Yes Bank loan fraud probe, citing money laundering, procedural violations, and fund diversions.

ED Targets Ambani-Linked Entities 

On July 24, 2025, the ED raided near about 50 sites across India tied to the Reliance Group and other RAAGA companies connected to Anil Ambani. These searches are part of a money laundering probe involving alleged misappropriation of ₹3,000 crore lent by Yes Bank between 2017 and 2019. 

The investigation has revealed that large portions of sanctioned loans were routed to shell companies and other entities with common directorships. Bribery of bank officials and backdated credit approvals are among the critical findings.

Violations Uncovered in Yes Bank’s Loan Processes

The probe has found significant irregularities in Yes Bank’s internal loan processes. These include approvals granted on or before disbursal dates, poor due diligence, and unviable financials of the borrowing entities. Loans were evergreened, and transaction documents were allegedly manipulated. The ED has identified over 50 firms and 25 individuals for further scrutiny.

SEBI and NFRA Share Critical Inputs

Supporting the probe, agencies like SEBI, the National Financial Reporting Authority, and the National Housing Bank provided intelligence on suspicious corporate behaviour. Specifically, anomalies in operations of Reliance Home Finance Ltd, where the company's loan book doubled within a year, raised regulatory red flags about compliance and governance practices.

Read More: Ramprastha Group Directors Held by ED in ₹1,100 Crore Homebuyer Fraud Case!

Probe Initiated Under PMLA Provisions

The ED is pursuing the matter under Section 17 of the Prevention of Money Laundering Act, enabling it to conduct searches and seize potential evidence without prior notice. This provision is reserved for probing serious economic offences like major loan frauds and fund misappropriations.

Conclusion

This large-scale operation marks a crucial phase in the ₹3,000 crore Yes Bank loan scam probe, placing Anil Ambani’s business dealings under intensified scrutiny. The ED's investigation has already unearthed multiple procedural violations and fund diversions, indicating broad financial misconduct across associated firms.

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